Grantham Mayo Van Otterloo & Co. LLC bought a new position in Snap-on Incorporated (NYSE:SNA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,584 shares of the company's stock, valued at approximately $1,217,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC bought a new position in Snap-on in the 4th quarter valued at $512,000. Vest Financial LLC raised its stake in shares of Snap-on by 2.4% in the fourth quarter. Vest Financial LLC now owns 102,987 shares of the company's stock worth $34,962,000 after acquiring an additional 2,460 shares during the last quarter. Sanctuary Advisors LLC grew its stake in shares of Snap-on by 3.6% during the third quarter. Sanctuary Advisors LLC now owns 45,783 shares of the company's stock valued at $13,264,000 after purchasing an additional 1,605 shares during the last quarter. World Investment Advisors LLC bought a new position in Snap-on in the 3rd quarter worth approximately $19,291,000. Finally, Avanza Fonder AB acquired a new stake in shares of Snap-on in the 4th quarter valued at $1,936,000. 84.88% of the stock is owned by institutional investors.
Snap-on Stock Up 4.4 %
Shares of SNA traded up $14.14 on Friday, hitting $336.50. The company's stock had a trading volume of 611,209 shares, compared to its average volume of 350,799. The company has a quick ratio of 3.17, a current ratio of 4.15 and a debt-to-equity ratio of 0.22. Snap-on Incorporated has a fifty-two week low of $252.98 and a fifty-two week high of $373.90. The firm's fifty day moving average price is $333.58 and its 200-day moving average price is $337.16. The firm has a market capitalization of $17.64 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.21 and a beta of 0.84.
Snap-on (NYSE:SNA - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The company reported $4.82 EPS for the quarter, beating analysts' consensus estimates of $4.78 by $0.04. Snap-on had a return on equity of 19.20% and a net margin of 21.71%. During the same period last year, the business earned $4.75 EPS. On average, equities research analysts expect that Snap-on Incorporated will post 19.79 EPS for the current year.
Snap-on Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, February 24th were issued a dividend of $2.14 per share. This represents a $8.56 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend was Monday, February 24th. Snap-on's payout ratio is 43.90%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. Barrington Research reiterated an "outperform" rating and issued a $350.00 price objective on shares of Snap-on in a research report on Friday. Tigress Financial lifted their target price on shares of Snap-on from $385.00 to $390.00 and gave the stock a "buy" rating in a report on Tuesday, March 4th. Finally, Longbow Research upgraded Snap-on from a "neutral" rating to a "buy" rating and set a $400.00 price target on the stock in a research report on Monday, March 31st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $355.33.
Check Out Our Latest Report on SNA
Insider Buying and Selling at Snap-on
In other Snap-on news, CFO Aldo John Pagliari sold 6,860 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $339.05, for a total value of $2,325,883.00. Following the completion of the transaction, the chief financial officer now directly owns 107,096 shares in the company, valued at $36,310,898.80. This trade represents a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Jesus Arregui sold 6,451 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $337.81, for a total value of $2,179,212.31. Following the completion of the sale, the senior vice president now directly owns 257 shares of the company's stock, valued at approximately $86,817.17. The trade was a 96.17 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,011 shares of company stock worth $12,116,859. Insiders own 3.90% of the company's stock.
About Snap-on
(
Free Report)
Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments.
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